Cumberland Sees Massive OTC Moves During Crypto Market Rout — Most Volume Weve Seen This Year – Bitcoin News - BitcoinEthereumNews.com
Bitcoin क्रिप्टोकम्बरलैंड ने क्रिप्टो मार्केट रूट के दौरान बड़े पैमाने पर ओटीसी मूव देखा - इस साल हमने सबसे अधिक वॉल्यूम देखा है - बिटकॉइन न्यूज06 / 19 / 2022बिटकॉइन एथेरियम समाचार During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On Big Swings, More Volume Tends to Come to OTC Desks’ Over-the-counter (OTC) trading desks allow high-net-worth crypto traders to trade coins without affecting spot markets as much as they would trading on a traditional exchange. OTC trading desks also provide liquidity for big buyers that smaller exchanges canot provide. A number of companies offer OTC services to crypto traders like Kraken OTC, Falconx, Cumberland, Athena Investment Services, Crypto Desk, B2C2, Bankhaus Scheich, Bitpanda Plus, and Coin Cola. Amid the recent crypto market carnage, the DRW company Cumberland tweeted about the firm‘s OTC flow during the past week and let people in on some of the moves that were made. “The most frequent question we’re asked on weeks like this is ‘what